© 2008 Cascal NV
15 August 2003The Cascal Group Announces Results for year ended 31st March 2003
Cascal B.V., an international investment and operations water company, today announced its end of year financial results for 2002/2003. During the year, the Cascal Group achieved significant progress from both the financial and operational standpoints.
Net turnover increased by 6% to USD 77.1 million whilst operating profit increased by 18% to USD 15.4 million reflecting the continued success of programs to enhance the performance and profitability of the Group. EBITDA and EBIT margins respectively rose from 31% to 35% and from 18% to 21%.
The Group achieved a net profit of USD 4.5 million, more than twice last year net profit and the highest result ever achieved since the formation of the Group.
Highlights from the year include the commissioning of two new plants in Chile and a new customer service centre in Batam Island, Indonesia.
A new wastewater treatment plant in Calama, northern Chile, was commissioned and commenced operations under a BOOT contract with the state owned regional sanitary company. The year 2002 also saw more development in Chile with the commissioning of infrastructure to supply the Noranda copper smelter with treated effluent. A new customer service centre in Batam was opened which has led to significantly higher customer service levels.
In 2003/04, the Group is on track to deliver further significant progress, notably in terms of EBITDA and EBIT margins and at the net profit level.
For more information please send an e-mail to the Marketing Manager,
enquiries@cascal.co.uk
